CONFIDENTIAL
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MUST WE STICK TO THE TERMS OF THE MEMORANDUM?
On the one hand
I have no doubt
The Memorandum represents a commitment by HMG.
people in Hong Kong will expect us to stand by it.
that this was fundamental to their acceptance of the agreement as a
whole. On the other hand the Chinese will certainly expect us to
remain within its terms.
I f we do not keep our commitments we
cannot expect others to keep theirs.
CONFIDENTIAL
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